DocuSign Capital Surpluse vs Other Liab Analysis
DOCU Stock | USD 53.54 0.34 0.64% |
DocuSign financial indicator trend analysis is much more than just examining DocuSign latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DocuSign is a good investment. Please check the relationship between DocuSign Capital Surpluse and its Other Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocuSign. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.
Capital Surpluse vs Other Liab
Capital Surpluse vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DocuSign Capital Surpluse account and Other Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between DocuSign's Capital Surpluse and Other Liab is 0.8. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Other Liab in the same time period over historical financial statements of DocuSign, assuming nothing else is changed. The correlation between historical values of DocuSign's Capital Surpluse and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of DocuSign are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Capital Surpluse i.e., DocuSign's Capital Surpluse and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Surpluse
Other Liab
Most indicators from DocuSign's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DocuSign current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocuSign. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.At this time, DocuSign's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 211.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 81.9M | 86.3M | 95.1M | 64.6M | Interest Income | 1.4M | 4.5M | 68.9M | 72.3M |
DocuSign fundamental ratios Correlations
Click cells to compare fundamentals
DocuSign Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DocuSign fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 2.3B | 2.5B | 3.0B | 3.0B | 2.0B | |
Other Current Liab | 137.5M | 222.7M | 251.5M | 264.1M | 299.3M | 149.8M | |
Total Current Liabilities | 694.0M | 1.1B | 1.4B | 2.2B | 1.7B | 1.0B | |
Total Stockholder Equity | 546.3M | 325.7M | 275.5M | 617.3M | 1.1B | 1.2B | |
Other Liab | 23.1M | 55.3M | 49.3M | 45.8M | 52.6M | 41.9M | |
Net Tangible Assets | 294.9M | (146.2M) | (178.4M) | 193.4M | 222.4M | 233.5M | |
Property Plant And Equipment Net | 278.1M | 324.4M | 310.7M | 341.4M | 368.4M | 227.6M | |
Current Deferred Revenue | 507.6M | 779.6M | 1.0B | 1.2B | 1.3B | 706.1M | |
Net Debt | 407.3M | 349.7M | 373.2M | 166.4M | (654.0M) | (621.3M) | |
Retained Earnings | (1.1B) | (1.4B) | (1.4B) | (1.6B) | (1.7B) | (1.8B) | |
Accounts Payable | 28.1M | 37.4M | 52.8M | 24.4M | 19.0M | 29.0M | |
Cash | 241.2M | 566.1M | 509.1M | 721.9M | 797.1M | 492.4M | |
Non Current Assets Total | 947.2M | 1.2B | 1.2B | 1.4B | 1.4B | 892.1M | |
Non Currrent Assets Other | 24.7M | 24.9M | 362.2M | 430.4M | 458.3M | 481.3M | |
Other Assets | 162.5M | 279.1M | 362.2M | 417.9M | 480.6M | 504.6M | |
Cash And Short Term Investments | 656.1M | 773.5M | 802.8M | 1.0B | 1.0B | 703.3M | |
Net Receivables | 250.3M | 340.5M | 453.5M | 529.4M | 455.2M | 309.8M | |
Good Will | 194.9M | 350.2M | 355.1M | 353.6M | 353.1M | 233.3M | |
Common Stock Total Equity | 17K | 18K | 19K | 20K | 23K | 15.7K | |
Common Stock Shares Outstanding | 176.7M | 185.8M | 196.7M | 200.9M | 209.0M | 185.0M | |
Liabilities And Stockholders Equity | 1.9B | 2.3B | 2.5B | 3.0B | 3.0B | 2.0B | |
Non Current Liabilities Total | 650.8M | 917.6M | 894.1M | 187.1M | 180.9M | 171.9M | |
Capital Surpluse | 1.7B | 1.7B | 1.7B | 2.2B | 2.6B | 2.7B | |
Inventory | 16.6M | 367K | 280K | 2.0 | 1.0 | 0.95 | |
Other Current Assets | 37.1M | 48.4M | 63.2M | 70.0M | 67.0M | 41.9M | |
Other Stockholder Equity | 1.7B | 1.7B | 1.7B | 2.2B | 2.8B | 3.0B | |
Total Liab | 1.3B | 2.0B | 2.3B | 2.4B | 1.8B | 1.6B | |
Deferred Long Term Liab | 153.3M | 260.1M | 311.8M | 10.7M | 12.3M | 11.7M | |
Property Plant And Equipment Gross | 278.1M | 324.4M | 310.7M | 341.4M | 612.6M | 643.3M | |
Total Current Assets | 943.9M | 1.2B | 1.3B | 1.6B | 1.6B | 1.1B | |
Accumulated Other Comprehensive Income | (1.7M) | 5.0M | (4.8M) | (23.0M) | (19.4M) | (18.4M) | |
Short Term Debt | 20.7M | 53.4M | 37.4M | 746.9M | 22.2M | 21.1M | |
Intangible Assets | 56.5M | 121.8M | 98.8M | 70.3M | 50.9M | 66.3M | |
Common Stock | 17K | 18K | 19K | 20K | 21K | 16.5K | |
Property Plant Equipment | 278.1M | 324.4M | 310.7M | 199.9M | 229.9M | 186.0M | |
Short Term Investments | 414.9M | 207.5M | 293.8M | 309.8M | 248.4M | 237.4M | |
Non Current Liabilities Other | 6.7M | 32.3M | 23.3M | 18.1M | 21.3M | 16.1M | |
Net Invested Capital | 1.0B | 1.0B | 994.0M | 1.3B | 1.1B | 1.1B | |
Net Working Capital | 249.9M | 69.2M | (52.0M) | (577.3M) | (93.0M) | (88.3M) | |
Short Long Term Debt Total | 648.5M | 915.8M | 882.2M | 888.3M | 143.1M | 135.9M |
Pair Trading with DocuSign
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DocuSign position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DocuSign will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to DocuSign could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DocuSign when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DocuSign - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DocuSign to buy it.
The correlation of DocuSign is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DocuSign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocuSign moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DocuSign can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for DocuSign Stock Analysis
When running DocuSign's price analysis, check to measure DocuSign's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DocuSign is operating at the current time. Most of DocuSign's value examination focuses on studying past and present price action to predict the probability of DocuSign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DocuSign's price. Additionally, you may evaluate how the addition of DocuSign to your portfolios can decrease your overall portfolio volatility.